That's because world governments and central banks devalue currencies. Instead of US getting to work less hours because of increased productivity, banks and go

That's because world governments and central banks devalue currencies. Instead of US getting to work less hours because of increased productivity, banks and governments get the benefits of increased productivity. Oh sure, computers and televisions are better and cheaper than ever, but you can't support a family of 4 if the dad is a grocery store bag-boy and the mom babysits, which is what my family was able to do 50 years ago, with a house (mortgage), car, motorcycle, and a boat. I doubt if a bag boy today can even afford gas, car insurance, rent, and food without struggling.